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Show / Hide Text 25 20 15 Naive Forecast: Wts {0, 0, 1} Sales (1000s of gallons) 10 MAE = 3.89 MSE = 17.67 MAPE

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Show / Hide Text 25 20 15 Naive Forecast: Wts {0, 0, 1} Sales (1000s of gallons) 10 MAE = 3.89 MSE = 17.67 MAPE = 20.23% 5 2 3 5 6 7 8 9 10 11 12 Week Naive Forecast Moving Average Weighted Moving Average1. Out of the three methods, "Naive Forecast", "Moving Average", and "Weighted Moving Average", which produces a smaller mean absolute error? a. Naive Forecast b. Moving Average c. Weighted Moving Average d. None of the above 2.Which method produces the smallest mean squared error? a. Naive Forecast b. Moving Average c. Weighted Moving Average d. None of the above

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